Edgar is 32 years old and married with two children. Edgar raises and breeds hogs in La Suerte, the village where he lives. Once he fattens the pigs to the desired weight, he sells them to butchers. He usually gets about 4,000 PHP per hog. Edgar wants to raise more pigs and ensure their health, so he can sell them at a higher price. To do so, he is borrowing 30,000 PHP from ASKI to buy feed and vaccines for his hogs. With increased profits Edgar is confident he can give his children the best education possible. He knows this will mean a brighter future for them.
About Alalay sa Kaunlaran, Inc.
This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.